Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and order wins, here’s a quick look at which stocks will be in focus in today's trade:
Indian Renewable Energy Development Agency, Tejas Networks, and Globus Spirits will release their quarterly earnings today.
Avenue Supermarts, Gretex Corporate Services, Gayatri Projects, and Hawa Engineers will announce their quarterly numbers on January 10.
Elecon Engineering Company Q3 (Consolidated YoY)
Profit falls 33% to Rs 72 crore Vs Rs 107.5 crore
Revenue rises 4.3% to Rs 551.7 crore Vs Rs 528.9 crore
Narasimhan Raghunathan resigns as Chief Financial Officer (CFO) effective January 31
Monthly Sales Volume
SML Mahindra (December YoY)
Commercial vehicle sales soar 76.9% to 1,019 units Vs 576 units
Commercial vehicle production zooms 39.1% to 1,455 units Vs 1,046 units
Stocks to Watch
Bajaj Finserv announced the successful completion of the acquisition, together with Bajaj Holdings & Investment and Jamnalal Sons, of a 23% stake in its insurance subsidiaries—Bajaj General Insurance and Bajaj Life Insurance—from Allianz SE for Rs 12,190 crore and Rs 9,200 crore, respectively.
The acquisition increased the Bajaj Group’s ownership in both insurance companies to 97% from 74%, giving Bajaj Finserv complete control of the insurance companies with a 75.01% stake.
The transfer of Allianz’s remaining 3% stake is expected to be completed over the next few months through a proposed buyback of shares by the insurance companies. If the buyback is completed, Bajaj Finserv’s stake is expected to rise to approximately 77.3%, with Bajaj Holdings & Investment holding approximately 18.1%, while the balance will be held by Jamnalal Sons.
Bharat Forge has signed an MoU with Germany-based Agile Robots SE to jointly explore the space of AI-driven robotics and intelligent industrial automation.
Astra Rafael Comsys, the joint venture company, has received an order worth Rs 275.27 crore from the Indian Air Force for the integration of Software Defined Radio (SDR) on MiG-29 aircraft, installation of Network Centric Application (NCO) on MiG-29 aircraft, and procurement of 24 SDRs for LCA Mk-1A aircraft.
The company has received a Letter of Award for a revised project capacity of 704 MWac / 1,000 MWp. The commercial order value has been reduced from Rs 1,252.43 crore to Rs 1,039.60 crore, resulting in a reduction of Rs 212.83 crore. All other terms of the project remain unchanged.
Promoter Sagar Cements will sell up to 75 lakh equity shares of Andhra Cements (representing 8.14% of the total paid-up equity) via an offer-for-sale from January 9–12 to comply with minimum public shareholding norms. The floor price for the offer has been fixed at Rs 72 per share.
Prestige Group, through Canopy Living LLP—a joint venture between Prestige Estates Projects and Arihant Foundations & Housing—has signed an Agreement to Sell for the purchase of a land parcel measuring 16.381 acres at Padi, Chennai.
The company has received a Letter of Acceptance (LoA) from East Coast Railway for setting up a wagon POH workshop with a capacity of 200 numbers at Kantabanji. The project cost is Rs 201.2 crore.
The Board has approved fund-raising of up to Rs 2,000 crore through the issuance of non-convertible, non-cumulative AH-Series bonds in one or more tranches via private placement, as part of the borrowing plan for FY26.
The company’s subsidiary, Sky Gate Hospitality, has completed the sale of its entire 51% equity stake in Peanutbutter and Jelly to Heritage Foods. Consequently, Peanutbutter and Jelly has ceased to be a subsidiary of Sky Gate Hospitality and a step-down subsidiary of the company with immediate effect.
The Board has approved the Scheme of Amalgamation of its subsidiary, Profectus Capital, with the company, along with their respective shareholders and creditors.
The High Court of Himachal Pradesh has granted a stay on the Show Cause Notice issued by the Central GST & Central Excise Commissionerate, Shimla, which demanded tax of Rs 118 crore.
The company has received additional orders worth Rs 596 crore since January 1. Major orders include drone detection and jamming systems, mobile communication terminals, software solutions, upgrades, spares, and services.
BHEL has received an order worth Rs 5,400 crore from Bharat Coal Gasification and Chemicals (BCGCL) for the coal gasification and raw syngas cleaning plant (LSTK-1 package) of BCGCL’s coal-to-2,000 TPD ammonium nitrate project at Lakhanpur, Odisha.
BCGCL is a joint venture between BHEL and Coal India in a 49:51 ratio.
Power Grid Corporation of India
The company has been declared the successful bidder to establish an Inter-State Transmission System in Karnataka. The project involves transmission system strengthening for the integration of additional renewable energy project potential at Davanagere (0.25 GW) and Bellary (2.75 GW) on a Build, Own, Operate, and Transfer (BOOT) basis. The project includes a 400 kV double-circuit transmission line traversing Karnataka.
The company has entered into a Contract Agreement with NHAI for the execution of operations at the Kaza Fee Plaza on the Chilakaluripet–Vijayawada section of NH-16 in Andhra Pradesh. The company is scheduled to take over the fee plaza on January 23.
A meeting of the Board of Directors of the company is scheduled for January 16 to consider the standalone and consolidated unaudited financial results for the quarter and nine months ended December 2025.
Bulk Deals
Unicorn Fund has acquired 95,000 equity shares in Maruti Interior Products at Rs 211.02 per share for Rs 2 crore, while Greenx Wealth Multihorizons Opportunity Fund acquired 1.25 lakh shares at Rs 208 per share for Rs 2.6 crore, together accounting for 1.45% of the company’s paid-up equity.
NV Alpha Fund Management has purchased 3.25 lakh shares, representing a 0.5% stake in Kross, at Rs 217.26 per share for Rs 7.06 crore.
Stock Trades Ex-Date for Rights
Viram Suvarn
Stock Trades Ex-Date for Bonus
Antariksh Industries
Stock Trades Ex-Date for Income Distribution (InvIT)
Energy Infrastructure Trust
Stocks in F&O ban
Sammaan Capital
SAIL
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